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Global Steam Turbine Market Outlook, In‑Depth Analysis & Forecast to 2031
Industry: Consumer Goods
Published Date: 2025-09-11
Pages: 154 Pages
Report ld: 5038639
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Steam Turbine Market Size(US$)
CAGR 2025-2031
4.2%
Market Size,2031
USD 16,000
Million
Market Snapshot
Market Size in 2025 (Value)
US$ 12,470 million
Market Forecast in 2031(Value)
US$ 16,000 million
CAGR
4.2%
Years Considered
2020-2031
Base Year
2025
Forecast Period
2025-2031
Source: Secondary research, interviews with experts, and QYResearch analysis
The global Steam Turbine market is projected to grow from US$ 12010 million in 2024 to US$ 16000 million by 2031, at a CAGR of 4.2% (2025-2031), driven by critical product segments and diverse end‑use applications, while evolving U.S. tariff policies introduce trade‑cost volatility and supply‑chain uncertainty.
A steam turbine is a device that converts thermal energy from steam into mechanical energy, which is then often transformed into electrical energy. This is achieved by directing high-pressure, high-temperature steam onto a series of blades mounted on a rotor, causing it to spin. Steam turbines are widely used in power generation and industrial processes due to their efficiency and reliability.
The global steam turbine market is a critical component of energy infrastructure, catering to diverse applications such as power generation, industrial processing, and cogeneration. Key industries driving demand include power utilities, oil and gas, chemical processing, and manufacturing.
Key Market Drivers
Rising Energy Demand: Increasing global energy consumption, particularly in developing countries, is driving demand for steam turbines in power plants. Industrial Expansion: Growing industrial activities require efficient turbines for mechanical drives and combined heat and power (CHP) applications. Renewable Energy Integration: Steam turbines are increasingly used in renewable applications like concentrated solar power (CSP) and biomass plants. Modernization and Replacement: Upgrading outdated turbines with advanced, efficient designs in developed regions is a significant market driver.
Market Restraints
Competition from Alternative Technologies: Gas turbines, wind, and solar PV pose significant competition. High Initial Costs: The capital-intensive nature of turbine installation and maintenance can hinder adoption. Environmental Regulations: Stricter policies against fossil fuel emissions impact coal-fired steam turbine adoption.
Opportunities
Emerging Economies: Industrialization and energy infrastructure development in Asia-Pacific, Africa, and Latin America present significant growth opportunities. Clean Energy Transition: Expanding use in geothermal, biomass, and waste-to-energy applications aligns with global decarbonization goals. Advancements in Efficiency: Development of supercritical and ultra-supercritical turbines enhances performance and reduces emissions.
Report Includes:
This definitive report equips CEOs, marketing directors, and investors with a 360° view of the global Steam Turbine market, seamlessly integrating production and sales performance across the value chain. It analyzes historical sales volume and revenue sales data (2020–2024) and delivers forecasts through 2031, illuminating demand trends and growth drivers.
By segmenting the market by Type and by Application, the study quantifies volume and value, growth rates, technical innovations, niche opportunities, and substitution risks, and analyzes downstream customers distribution pattern.
Granular regional insights cover five major markets—North America, Europe, APAC, South America, and MEA—with in‑depth analysis of 20+ countries. Each region’s dominant products, competitive landscape, and downstream demand trends are clearly detailed.
Critical competitive intelligence profiles manufacturers—sales volume, revenue, margins, pricing strategies, and major customers—and dissects the top-player positioning across product lines, applications, and regions to reveal strategic strengths.
A concise supply‑chain overview maps upstream suppliers, manufacturing technologies, cost structures, and distribution dynamics to identify strategic gaps and unmet demand.
MARKET SEGMENTATION
By Company
- General Electric
- Siemens
- Dongfang Turbine
- Shanghai Electric
- Hangzhou Steam Turbine(HTC)
- Harbin Electric Corporation
- Mitsubishi Hitachi Power Systems
- MAN Energy Solutions
- Fuji Electric
- Ebara Elliott
- Doosan
- Ansaldo
- Kawasaki Heavy Industries
- Power Machines
Consumption by Region
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- South Korea
- Southeast Asia
- India
- Australia
- Rest of Asia-Pacific
- Europe
- Germany
- France
- U.K.
- Italy
- Netherlands
- Nordic Countries
- Rest of Europe
- Latin America
- Mexico
- Brazil
- Rest of Latin America
- Middle East & Africa
- Turkey
- Saudi Arabia
- UAE
- Rest of MEA
Segment by Type
- Non-Condensing Steam Turbine
- Condensing Steam Turbine
Segment by Application
- Power Generation
- Industrial
- Others
CHAPTER OUTLINE
Chapter 1: Defines the Steam Turbine study scope, segments the market by Type and by Application, etc, highlights segment size and growth potential.
Chapter 2: Offers current market state, projects global revenue and sales to 2031, pinpointing high consumption regions and emerging market catalysts
Chapter 3: Dissects the manufacturer landscape—ranks by volume and revenue, analyzes profitability and pricing, maps production bases, details manufacturer performance by product type and evaluates concentration alongside M&A moves.
Chapter 4: Unlocks high margin product segments—compares sales, revenue, ASP, and technology differentiators, highlighting growth niches and substitution risks
Chapter 5: Targets downstream market opportunities—evaluates sales, revenue, and pricing by Application, identifies emerging use cases, and profiles leading customers by region and by Application.
Chapter 6: North America—breaks down sales and revenue by Type, by Application and country, profiles key manufacturers and assesses growth drivers and barriers.
Chapter 7: Europe—analyses regional sales, revenue and market by Type, by Application and manufacturers, flagging drivers and barriers.
Chapter 8: Asia Pacific—quantifies sales and revenue by Type, by Application, and region/country, profiles top manufacturers, and uncovers high potential expansion areas.
Chapter 9: Central & South America—measures sales and revenue by Type, by Application, and country, profiles top manufacturers, and identifies investment opportunities and challenges.
Chapter 10: Middle East and Africa—evaluates sales and revenue by Type, by Application, and country, profiles key manufacturers, and outlines investment prospects and market hurdles
Chapter 11: Profiles manufacturers in depth—details product specs, sales, revenue, margins; Top manufactures 2024 sales breakdowns by Product type, by Application, by sales region SWOT analysis, and recent strategic developments.
Chapter 12: Supply chain—analyses upstream raw materials and suppliers, manufacturing footprint, regional production and cost, regulatory and technology, plus downstream channels and distributor roles.
Chapter 13: Market dynamics—explores drivers, restraints, regulatory impacts, and risk mitigation strategies.
Chapter 15: Actionable conclusions and strategic recommendations.
WHY THIS REPORT
Beyond standard market data, this analysis provides a clear profitability roadmap, empowering you to:
Beyond standard market data, this analysis provides a clear profitability roadmap—empowering you to:
Allocate capital strategically to high growth regions (Chapters 6–10) and margin rich segments (Chapter 5).
Negotiate from strength with suppliers (Chapter 12) and customers (Chapter5) using cost and demand intelligence.
Outmaneuver competitors with granular insights into their operations, margins, and strategies (Chapters 3 and 11).
Secure your supply chain against disruptions through upstream and downstream visibility (Chapters 12 and 13).
Leverage this 360° intelligence to turn market complexity into actionable competitive advantage.
QYRESEARCH'S STRENGTHS
Unlike generic global market reports, this study combines macro-level industry trends with hyper-local operational intelligence, empowering data-driven decisions across the Compound Chocolate value chain, addressing:
Market entry risks/opportunities by region
We identify regional market threats and growth prospects to guide your overseas layout.
Product mix optimization based on local practices
We adjust product portfolios in line with local consumption habits.
Competitor tactics in fragmented vs. consolidated markets
We unpack rivals’ operation strategies for scattered and highly concentrated industries.
Full Research Coverage
We cover competition landscape, full supply chain and quantified market size data, and deliver tailor-made customized surveys to meet your unique business demands.
19 Years Industry Expertise
We own self-owned massive exclusive databases, backed by 19 years of global market research experience across thousands of sectors.
24/7 Fast Report Delivery
Our team operates 24 hours a day, 365 days a year, enabling ultra-fast report turnaround to respond to your research needs efficiently.
Localized Strategic Analysis
We integrate regional risk assessment, localized product optimization and competitor analysis to deliver actionable market strategies.
Market entry risks/opportunities by region
All data is cross-verified from multiple industry sources to deliver thorough, precise analysis that supports reliable corporate strategic decisions.
Market entry risks/opportunities by region
We provide responsive, dedicated after-sales support to resolve all follow-up inquiries about reports, data and industry interpretation.
TABLE OF CONTENTS
1 Study Coverage
1.1 Introduction to Steam Turbine: Definition, Properties, and Key Attributes
1.2 Market Segmentation by Type
1.2.1 Global Steam Turbine Market Size by Type, 2020 VS 2024 VS 2031
1.2.2 Non-Condensing Steam Turbine
1.2.3 Condensing Steam Turbine
1.3 Market Segmentation by Application
1.3.1 Global Steam Turbine Market Size by Application, 2020 VS 2024 VS 2031
1.3.2 Power Generation
1.3.3 Industrial
1.3.4 Others
1.4 Assumptions and Limitations
1.5 Study Objectives
1.6 Years Considered
2 Executive Summary
2.1 Global Steam Turbine Revenue Estimates and Forecasts 2020-2031
2.2 Global Steam Turbine Revenue by Region
2.2.1 Revenue Comparison: 2020 VS 2024 VS 2031
2.2.2 Historical and Forecasted Revenue by Region (2020--2031)
2.2.3 Global Revenue Market Share by Region (2020-2031)
2.3 Global Steam Turbine Sales Estimates and Forecasts 2020-2031
2.4 Global Steam Turbine Sales by Region
2.4.1 Sales Comparison: 2020 VS 2024 VS 2031
2.4.2 Historical and Forecasted Sales by Region (2020-2031)
2.4.3 Emerging Market Focus: Growth Drivers & Investment Trends
2.4.4 Global Sales Market Share by Region (2020-2031)
3 Competition by Manufacturers
3.1 Global Steam Turbine Sales by Manufacturers
3.1.1 Global Sales Volume by Manufacturers (2020-2025)
3.1.2 Global Top 5 and Top 10 Manufacturers’Market Share by Sales Volume (2024)
3.2 Global Steam Turbine Manufacturer Revenue Rankings and Tiers
3.2.1 Global Revenue (Value) by Manufacturers (2020-2025)
3.2.2 Global Key Manufacturer Revenue Ranking (2023 vs. 2024)
3.2.3 Revenue-Based Tier Segmentation (Tier 1, Tier 2, and Tier 3)
3.3 Manufacturer Profitability Profiles and Pricing Strategies
3.3.1 Gross Margin by Top Manufacturer (2020 VS 2024)
3.3.2 Manufacturer-Level Price Trends (2020-2025)
3.4 Key Manufacturers Manufacturing Base and Headquarters
3.5 Main Product Type Market Size by Manufacturers
3.5.1 Non-Condensing Steam Turbine Market Size by Manufacturers
3.5.2 Condensing Steam Turbine Market Size by Manufacturers
3.6 Global Steam Turbine Market Concentration and Dynamics
3.6.1 Global Market Concentration (CR5 and HHI)
3.6.2 Entrant/Exit Impact Analysis
3.6.3 Strategic Moves: M&A, Capacity Expansion, R&D Investment
4 Global Product Segmentation Analysis
4.1 Global Steam Turbine Sales Performance by Type
4.1.1 Global Historical and Forecasted Sales by Type (2020-2031)
4.1.2 Global Sales Market Share by Type (2020-2031)
4.2 Global Steam Turbine Revenue Trends by Type
4.2.1 Global Historical and Forecasted Revenue by Type (2020-2031)
4.2.2 Global Revenue Market Share by Type (2020-2031)
4.3 Global Average Selling Price (ASP) Trends by Type (2020-2031)
4.4 Product Technology Differentiation
4.5 Subtype Dynamics: Growth Leaders, Profitability and Risk
4.5.1 High-Growth Niches and Adoption Drivers
4.5.2 Profitability Hotspots and Cost Drivers
4.5.3 Substitution Threats
5 Global Downstream Application Analysis
5.1 Global Steam Turbine Sales by Application
5.1.1 Global Historical and Forecasted Sales by Application (2020-2031)
5.1.2 Global Sales Market Share by Application (2020-2031)
5.1.3 High-Growth Application Identification
5.1.4 Emerging Application Case Studies
5.2 Global Steam Turbine Revenue by Application
5.2.1 Global Historical and Forecasted Revenue by Application (2020-2031)
5.2.2 Revenue Market Share by Application (2020-2031)
5.3 Global Pricing Dynamics by Application (2020-2031)
5.4 Downstream Customer Analysis
5.4.1 Top Customers by Region
5.4.2 Top Customers by Application
6 North America
6.1 North America Sales Volume and Revenue (2020-2031)
6.2 North America Key Manufacturers Sales Revenue in 2024
6.3 North America Steam Turbine Sales and Revenue by Type (2020-2031)
6.4 North America Steam Turbine Sales and Revenue by Application (2020-2031)
6.5 North America Growth Accelerators and Market Barriers
6.6 North America Steam Turbine Market Size by Country
6.6.1 North America Revenue by Country
6.6.2 North America Sales Trends by Country
6.6.3 US
6.6.4 Canada
6.6.5 Mexico
7 Europe
7.1 Europe Sales Volume and Revenue (2020-2031)
7.2 Europe Key Manufacturers Sales Revenue in 2024
7.3 Europe Steam Turbine Sales and Revenue by Type (2020-2031)
7.4 Europe Steam Turbine Sales and Revenue by Application (2020-2031)
7.5 Europe Growth Accelerators and Market Barriers
7.6 Europe Steam Turbine Market Size by Country
7.6.1 Europe Revenue by Country
7.6.2 Europe Sales Trends by Country
7.6.3 Germany
7.6.4 France
7.6.5 U.K.
7.6.6 Italy
7.6.7 Spain
8 Asia-Pacific
8.1 Asia-Pacific Sales Volume and Revenue (2020-2031)
8.2 Asia-Pacific Key Manufacturers Sales Revenue in 2024
8.3 Asia-Pacific Steam Turbine Sales and Revenue by Type (2020-2031)
8.4 Asia-Pacific Steam Turbine Sales and Revenue by Application (2020-2031)
8.5 Asia-Pacific Steam Turbine Market Size by Region
8.5.1 Asia-Pacific Revenue by Region
8.5.2 Asia-Pacific Sales Trends by Region
8.6 Asia-Pacific Growth Accelerators and Market Barriers
8.7 Southeast Asia
8.7.1 Southeast Asia Revenue by Country (2020 VS 2024 VS 2031)
8.7.2 Key Country Analysis: Indonesia, Vietnam, Thailand, Malaysia, Philippines
8.8 China
8.9 Japan
8.10 South Korea
8.11 China Taiwan
8.12 India
9 Central and South America
9.1 Central and South America Sales Volume and Revenue (2020-2031)
9.2 Central and South America Key Manufacturers Sales Revenue in 2024
9.3 Central and South America Steam Turbine Sales and Revenue by Type (2020-2031)
9.4 Central and South America Steam Turbine Sales and Revenue by Application (2020-2031)
9.5 Central and South America Investment Opportunities and Key Challenges
9.6 Central and South America Steam Turbine Market Size by Country
9.6.1 Central and South America Revenue Trends by Country (2020 VS 2024 VS 2031)
9.6.2 Brazil
9.6.3 Argentina
10 Middle East and Africa
10.1 Middle East and Africa Sales Volume and Revenue (2020-2031)
10.2 Middle East and Africa Key Manufacturers Sales Revenue in 2024
10.3 Middle East and Africa Steam Turbine Sales and Revenue by Type (2020-2031)
10.4 Middle East and Africa Steam Turbine Sales and Revenue by Application (2020-2031)
10.5 Middle East and Africa Investment Opportunities and Key Challenges
10.6 Middle East and Africa Steam Turbine Market Size by Country
10.6.1 Middle East and Africa Revenue Trends by Country (2020 VS 2024 VS 2031)
10.6.2 GCC Countries
10.6.3 Turkey
10.6.4 Egypt
10.6.5 South Africa
11 Corporate Profile
11.1 General Electric
11.1.1 General Electric Corporation Information
11.1.2 General Electric Business Overview
11.1.3 General Electric Steam Turbine Product Models, Descriptions and Specifications
11.1.4 General Electric Steam Turbine Sales, Price, Revenue and Gross Margin (2020-2025)
11.1.5 General Electric Steam Turbine Sales by Product in 2024
11.1.6 General Electric Steam Turbine Sales by Application in 2024
11.1.7 General Electric Steam Turbine Sales by Geographic Area in 2024
11.1.8 General Electric Steam Turbine SWOT Analysis
11.1.9 General Electric Recent Developments
11.2 Siemens
11.2.1 Siemens Corporation Information
11.2.2 Siemens Business Overview
11.2.3 Siemens Steam Turbine Product Models, Descriptions and Specifications
11.2.4 Siemens Steam Turbine Sales, Price, Revenue and Gross Margin (2020-2025)
11.2.5 Siemens Steam Turbine Sales by Product in 2024
11.2.6 Siemens Steam Turbine Sales by Application in 2024
11.2.7 Siemens Steam Turbine Sales by Geographic Area in 2024
11.2.8 Siemens Steam Turbine SWOT Analysis
11.2.9 Siemens Recent Developments
11.3 Dongfang Turbine
11.3.1 Dongfang Turbine Corporation Information
11.3.2 Dongfang Turbine Business Overview
11.3.3 Dongfang Turbine Steam Turbine Product Models, Descriptions and Specifications
11.3.4 Dongfang Turbine Steam Turbine Sales, Price, Revenue and Gross Margin (2020-2025)
11.3.5 Dongfang Turbine Steam Turbine Sales by Product in 2024
11.3.6 Dongfang Turbine Steam Turbine Sales by Application in 2024
11.3.7 Dongfang Turbine Steam Turbine Sales by Geographic Area in 2024
11.3.8 Dongfang Turbine Steam Turbine SWOT Analysis
11.3.9 Dongfang Turbine Recent Developments
11.4 Shanghai Electric
11.4.1 Shanghai Electric Corporation Information
11.4.2 Shanghai Electric Business Overview
11.4.3 Shanghai Electric Steam Turbine Product Models, Descriptions and Specifications
11.4.4 Shanghai Electric Steam Turbine Sales, Price, Revenue and Gross Margin (2020-2025)
11.4.5 Shanghai Electric Steam Turbine Sales by Product in 2024
11.4.6 Shanghai Electric Steam Turbine Sales by Application in 2024
11.4.7 Shanghai Electric Steam Turbine Sales by Geographic Area in 2024
11.4.8 Shanghai Electric Steam Turbine SWOT Analysis
11.4.9 Shanghai Electric Recent Developments
11.5 Hangzhou Steam Turbine(HTC)
11.5.1 Hangzhou Steam Turbine(HTC) Corporation Information
11.5.2 Hangzhou Steam Turbine(HTC) Business Overview
11.5.3 Hangzhou Steam Turbine(HTC) Steam Turbine Product Models, Descriptions and Specifications
11.5.4 Hangzhou Steam Turbine(HTC) Steam Turbine Sales, Price, Revenue and Gross Margin (2020-2025)
11.5.5 Hangzhou Steam Turbine(HTC) Steam Turbine Sales by Product in 2024
11.5.6 Hangzhou Steam Turbine(HTC) Steam Turbine Sales by Application in 2024
11.5.7 Hangzhou Steam Turbine(HTC) Steam Turbine Sales by Geographic Area in 2024
11.5.8 Hangzhou Steam Turbine(HTC) Steam Turbine SWOT Analysis
11.5.9 Hangzhou Steam Turbine(HTC) Recent Developments
11.6 Harbin Electric Corporation
11.6.1 Harbin Electric Corporation Corporation Information
11.6.2 Harbin Electric Corporation Business Overview
11.6.3 Harbin Electric Corporation Steam Turbine Product Models, Descriptions and Specifications
11.6.4 Harbin Electric Corporation Steam Turbine Sales, Price, Revenue and Gross Margin (2020-2025)
11.6.5 Harbin Electric Corporation Recent Developments
11.7 Mitsubishi Hitachi Power Systems
11.7.1 Mitsubishi Hitachi Power Systems Corporation Information
11.7.2 Mitsubishi Hitachi Power Systems Business Overview
11.7.3 Mitsubishi Hitachi Power Systems Steam Turbine Product Models, Descriptions and Specifications
11.7.4 Mitsubishi Hitachi Power Systems Steam Turbine Sales, Price, Revenue and Gross Margin (2020-2025)
11.7.5 Mitsubishi Hitachi Power Systems Recent Developments
11.8 MAN Energy Solutions
11.8.1 MAN Energy Solutions Corporation Information
11.8.2 MAN Energy Solutions Business Overview
11.8.3 MAN Energy Solutions Steam Turbine Product Models, Descriptions and Specifications
11.8.4 MAN Energy Solutions Steam Turbine Sales, Price, Revenue and Gross Margin (2020-2025)
11.8.5 MAN Energy Solutions Recent Developments
11.9 Fuji Electric
11.9.1 Fuji Electric Corporation Information
11.9.2 Fuji Electric Business Overview
11.9.3 Fuji Electric Steam Turbine Product Models, Descriptions and Specifications
11.9.4 Fuji Electric Steam Turbine Sales, Price, Revenue and Gross Margin (2020-2025)
11.9.5 Fuji Electric Recent Developments
11.10 Ebara Elliott
11.10.1 Ebara Elliott Corporation Information
11.10.2 Ebara Elliott Business Overview
11.10.3 Ebara Elliott Steam Turbine Product Models, Descriptions and Specifications
11.10.4 Ebara Elliott Steam Turbine Sales, Price, Revenue and Gross Margin (2020-2025)
11.10.5 Ebara Elliott Recent Developments
11.11 Doosan
11.11.1 Doosan Corporation Information
11.11.2 Doosan Business Overview
11.11.3 Doosan Steam Turbine Product Models, Descriptions and Specifications
11.11.4 Doosan Steam Turbine Sales, Price, Revenue and Gross Margin (2020-2025)
11.11.5 Doosan Recent Developments
11.12 Ansaldo
11.12.1 Ansaldo Corporation Information
11.12.2 Ansaldo Business Overview
11.12.3 Ansaldo Steam Turbine Product Models, Descriptions and Specifications
11.12.4 Ansaldo Steam Turbine Sales, Price, Revenue and Gross Margin (2020-2025)
11.12.5 Ansaldo Recent Developments
11.13 Kawasaki Heavy Industries
11.13.1 Kawasaki Heavy Industries Corporation Information
11.13.2 Kawasaki Heavy Industries Business Overview
11.13.3 Kawasaki Heavy Industries Steam Turbine Product Models, Descriptions and Specifications
11.13.4 Kawasaki Heavy Industries Steam Turbine Sales, Price, Revenue and Gross Margin (2020-2025)
11.13.5 Kawasaki Heavy Industries Recent Developments
11.14 Power Machines
11.14.1 Power Machines Corporation Information
11.14.2 Power Machines Business Overview
11.14.3 Power Machines Steam Turbine Product Models, Descriptions and Specifications
11.14.4 Power Machines Steam Turbine Sales, Price, Revenue and Gross Margin (2020-2025)
11.14.5 Power Machines Recent Developments
12 Value Chain and Supply-Chain Analysis
12.1 Steam Turbine Industry Chain
12.2 Steam Turbine Upstream Materials Analysis
12.2.1 Raw Materials
12.2.2 Key Suppliers Market Share & Risk Assessment
12.3 Steam Turbine Integrated Production Analysis
12.3.1 Manufacturing Footprint Analysis
12.3.2 Regional Production Market Share (2020-2031)
12.3.3 Regulatory and Trade Policy Impact on Production
12.3.4 Production Technology Overview
12.3.5 Regional Cost Drivers
12.4 Steam Turbine Sales Channels and Distribution Networks
12.4.1 Sales Channels
12.4.2 Distributors
13 Steam Turbine Market Dynamics
13.1 Industry Trends and Evolution
13.2 Market Growth Drivers and Emerging Opportunities
13.3 Market Challenges, Risks, and Restraints
14 Key Findings in the Global Steam Turbine Study
15 Appendix
15.1 Research Methodology
15.1.1 Methodology/Research Approach
15.1.1.1 Research Programs/Design
15.1.1.2 Market Size Estimation
15.1.1.3 Market Breakdown and Data Triangulation
15.1.2 Data Source
15.1.2.1 Secondary Sources
15.1.2.2 Primary Sources
15.2 Author Details
TABLE OF FIGURES
List of Tables
Table 1. Global Steam Turbine Market Size Growth Rate by Type, 2020 VS 2024 VS 2031 (US$ Million)
Table 2. Global Steam Turbine Market Size Growth Rate by Application, 2020 VS 2024 VS 2031 (US$ Million)
Table 3. Global Steam Turbine Revenue Grow Rate (CAGR) by Region: 2020 VS 2024 VS 2031 (US$ Million)
Table 4. Global Steam Turbine Revenue by Region (2020-2025) & (US$ Million)
Table 5. Global Steam Turbine Revenue by Region (2026-2031) & (US$ Million)
Table 6. Global Steam Turbine Sales Grow Rate (CAGR) by Region: 2020 VS 2024 VS 2031 (MW)
Table 7. Global Steam Turbine Sales by Region (2020-2025) & (MW)
Table 8. Global Steam Turbine Sales by Region (2026-2031) & (MW)
Table 9. Emerging Market Revenue Grow Rate (CAGR) by Country (2020 VS 2024 VS 2031) (US$ Million)
Table 10. Global Steam Turbine Sales by Manufacturers (2020-2025) & (MW)
Table 11. Global Steam Turbine Sales Share by Manufacturers (2020-2025)
Table 12. Global Steam Turbine Revenue by Manufacturers (2020-2025) & (US$ Million)
Table 13. Global Steam Turbine Revenue Market Share by Manufacturers (2020-2025)
Table 14. Global Key Manufacturers’Ranking Shift (2023 vs. 2024) (Based on Revenue)
Table 15. Global Steam Turbine by Manufacturer Tier (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Steam Turbine as of 2024)
Table 16. Global Steam Turbine Average Gross Margin (%) by Manufacturer (2020 VS 2024)
Table 17. Global Steam Turbine Average Selling Price (ASP) by Manufacturers (2020-2025) & (USD/KW)
Table 18. Key Manufacturers Steam Turbine Manufacturing Base and Headquarters
Table 19. Global Steam Turbine Market Concentration Ratio (CR5 and HHI)
Table 20. Key Market Entrant/Exit (2020-2024) – Drivers & Impact Analysis
Table 21. Key Mergers & Acquisitions, Expansion Plans, R&D Investment
Table 22. Global Steam Turbine Sales by Type (2020-2025) & (MW)
Table 23. Global Steam Turbine Sales by Type (2026-2031) & (MW)
Table 24. Global Steam Turbine Revenue by Type (2020-2025) & (US$ Million)
Table 25. Global Steam Turbine Revenue by Type (2026-2031) & (US$ Million)
Table 26. Global Steam Turbine ASP by Type (2020-2031) & (USD/KW)
Table 27. Technical Specifications by Key Product Type
Table 28. Global Steam Turbine Sales by Application (2020-2025) & (MW)
Table 29. Global Steam Turbine Sales by Application (2026-2031) & (MW)
Table 30. Steam Turbine High-Growth Sectors Demand CAGR (2024-2031)
Table 31. Global Steam Turbine Revenue by Application (2020-2025) & (US$ Million)
Table 32. Global Steam Turbine Revenue by Application (2026-2031) & (US$ Million)
Table 33. Global Steam Turbine ASP by Application (2020-2031) & (USD/KW)
Table 34. Top Customers by Region
Table 35. Top Customers by Application
Table 36. North America Steam Turbine Growth Accelerators and Market Barriers
Table 37. North America Steam Turbine Revenue Grow Rate (CAGR) by Country (2020 VS 2024 VS 2031) (US$ Million)
Table 38. North America Steam Turbine Sales (MW) by Country (2020 VS 2024 VS 2031)
Table 39. Europe Steam Turbine Growth Accelerators and Market Barriers
Table 40. Europe Steam Turbine Revenue Grow Rate (CAGR) by Country: 2020 VS 2024 VS 2031 (US$ Million)
Table 41. Europe Steam Turbine Sales (MW) by Country (2020 VS 2024 VS 2031)
Table 42. Asia-Pacific Steam Turbine Revenue Grow Rate (CAGR) by Region: 2020 VS 2024 VS 2031 (US$ Million)
Table 43. Asia-Pacific Steam Turbine Sales (MW) by Country (2020 VS 2024 VS 2031)
Table 44. Asia-Pacific Steam Turbine Growth Accelerators and Market Barriers
Table 45. Southeast Asia Steam Turbine Revenue Grow Rate (CAGR) by Region: 2020 VS 2024 VS 2031 (US$ Million)
Table 46. Central and South America Steam Turbine Investment Opportunities and Key Challenges
Table 47. Central and South America Steam Turbine Revenue Grow Rate (CAGR) by Country (2020 VS 2024 VS 2031) (US$ Million)
Table 48. Middle East and Africa Steam Turbine Investment Opportunities and Key Challenges
Table 49. Middle East and Africa Steam Turbine Revenue Grow Rate (CAGR) by Country (2020 VS 2024 VS 2031) (US$ Million)
Table 50. General Electric Corporation Information
Table 51. General Electric Description and Major Businesses
Table 52. General Electric Product Models, Descriptions and Specifications
Table 53. General Electric Sales (MW), Revenue (US$ Million), Price (USD/KW) and Gross Margin (2020-2025)
Table 54. General Electric Sales Value Proportion by Product in 2024
Table 55. General Electric Sales Value Proportion by Application in 2024
Table 56. General Electric Sales Value Proportion by Geographic Area in 2024
Table 57. General Electric Steam Turbine SWOT Analysis
Table 58. General Electric Recent Developments
Table 59. Siemens Corporation Information
Table 60. Siemens Description and Major Businesses
Table 61. Siemens Product Models, Descriptions and Specifications
Table 62. Siemens Sales (MW), Revenue (US$ Million), Price (USD/KW) and Gross Margin (2020-2025)
Table 63. Siemens Sales Value Proportion by Product in 2024
Table 64. Siemens Sales Value Proportion by Application in 2024
Table 65. Siemens Sales Value Proportion by Geographic Area in 2024
Table 66. Siemens Steam Turbine SWOT Analysis
Table 67. Siemens Recent Developments
Table 68. Dongfang Turbine Corporation Information
Table 69. Dongfang Turbine Description and Major Businesses
Table 70. Dongfang Turbine Product Models, Descriptions and Specifications
Table 71. Dongfang Turbine Sales (MW), Revenue (US$ Million), Price (USD/KW) and Gross Margin (2020-2025)
Table 72. Dongfang Turbine Sales Value Proportion by Product in 2024
Table 73. Dongfang Turbine Sales Value Proportion by Application in 2024
Table 74. Dongfang Turbine Sales Value Proportion by Geographic Area in 2024
Table 75. Dongfang Turbine Steam Turbine SWOT Analysis
Table 76. Dongfang Turbine Recent Developments
Table 77. Shanghai Electric Corporation Information
Table 78. Shanghai Electric Description and Major Businesses
Table 79. Shanghai Electric Product Models, Descriptions and Specifications
Table 80. Shanghai Electric Sales (MW), Revenue (US$ Million), Price (USD/KW) and Gross Margin (2020-2025)
Table 81. Shanghai Electric Sales Value Proportion by Product in 2024
Table 82. Shanghai Electric Sales Value Proportion by Application in 2024
Table 83. Shanghai Electric Sales Value Proportion by Geographic Area in 2024
Table 84. Shanghai Electric Steam Turbine SWOT Analysis
Table 85. Shanghai Electric Recent Developments
Table 86. Hangzhou Steam Turbine(HTC) Corporation Information
Table 87. Hangzhou Steam Turbine(HTC) Description and Major Businesses
Table 88. Hangzhou Steam Turbine(HTC) Product Models, Descriptions and Specifications
Table 89. Hangzhou Steam Turbine(HTC) Sales (MW), Revenue (US$ Million), Price (USD/KW) and Gross Margin (2020-2025)
Table 90. Hangzhou Steam Turbine(HTC) Sales Value Proportion by Product in 2024
Table 91. Hangzhou Steam Turbine(HTC) Sales Value Proportion by Application in 2024
Table 92. Hangzhou Steam Turbine(HTC) Sales Value Proportion by Geographic Area in 2024
Table 93. Hangzhou Steam Turbine(HTC) Steam Turbine SWOT Analysis
Table 94. Hangzhou Steam Turbine(HTC) Recent Developments
Table 95. Harbin Electric Corporation Corporation Information
Table 96. Harbin Electric Corporation Description and Major Businesses
Table 97. Harbin Electric Corporation Product Models, Descriptions and Specifications
Table 98. Harbin Electric Corporation Sales (MW), Revenue (US$ Million), Price (USD/KW) and Gross Margin (2020-2025)
Table 99. Harbin Electric Corporation Recent Developments
Table 100. Mitsubishi Hitachi Power Systems Corporation Information
Table 101. Mitsubishi Hitachi Power Systems Description and Major Businesses
Table 102. Mitsubishi Hitachi Power Systems Product Models, Descriptions and Specifications
Table 103. Mitsubishi Hitachi Power Systems Sales (MW), Revenue (US$ Million), Price (USD/KW) and Gross Margin (2020-2025)
Table 104. Mitsubishi Hitachi Power Systems Recent Developments
Table 105. MAN Energy Solutions Corporation Information
Table 106. MAN Energy Solutions Description and Major Businesses
Table 107. MAN Energy Solutions Product Models, Descriptions and Specifications
Table 108. MAN Energy Solutions Sales (MW), Revenue (US$ Million), Price (USD/KW) and Gross Margin (2020-2025)
Table 109. MAN Energy Solutions Recent Developments
Table 110. Fuji Electric Corporation Information
Table 111. Fuji Electric Description and Major Businesses
Table 112. Fuji Electric Product Models, Descriptions and Specifications
Table 113. Fuji Electric Sales (MW), Revenue (US$ Million), Price (USD/KW) and Gross Margin (2020-2025)
Table 114. Fuji Electric Recent Developments
Table 115. Ebara Elliott Corporation Information
Table 116. Ebara Elliott Description and Major Businesses
Table 117. Ebara Elliott Product Models, Descriptions and Specifications
Table 118. Ebara Elliott Sales (MW), Revenue (US$ Million), Price (USD/KW) and Gross Margin (2020-2025)
Table 119. Ebara Elliott Recent Developments
Table 120. Doosan Corporation Information
Table 121. Doosan Description and Major Businesses
Table 122. Doosan Product Models, Descriptions and Specifications
Table 123. Doosan Sales (MW), Revenue (US$ Million), Price (USD/KW) and Gross Margin (2020-2025)
Table 124. Doosan Recent Developments
Table 125. Ansaldo Corporation Information
Table 126. Ansaldo Description and Major Businesses
Table 127. Ansaldo Product Models, Descriptions and Specifications
Table 128. Ansaldo Sales (MW), Revenue (US$ Million), Price (USD/KW) and Gross Margin (2020-2025)
Table 129. Ansaldo Recent Developments
Table 130. Kawasaki Heavy Industries Corporation Information
Table 131. Kawasaki Heavy Industries Description and Major Businesses
Table 132. Kawasaki Heavy Industries Product Models, Descriptions and Specifications
Table 133. Kawasaki Heavy Industries Sales (MW), Revenue (US$ Million), Price (USD/KW) and Gross Margin (2020-2025)
Table 134. Kawasaki Heavy Industries Recent Developments
Table 135. Power Machines Corporation Information
Table 136. Power Machines Description and Major Businesses
Table 137. Power Machines Product Models, Descriptions and Specifications
Table 138. Power Machines Sales (MW), Revenue (US$ Million), Price (USD/KW) and Gross Margin (2020-2025)
Table 139. Power Machines Recent Developments
Table 140. Key Raw Materials Distribution
Table 141. Raw Materials Key Suppliers
Table 142. Critical Raw Material Supplier Concentration (2024) & Risk Index
Table 143. Milestones in Production Technology Evolution
Table 144. Distributors List
Table 145. Market Trends and Market Evolution
Table 146. Market Drivers and Opportunities
Table 147. Market Challenges, Risks, and Restraints
Table 148. Research Programs/Design for This Report
Table 149. Key Data Information from Secondary Sources
Table 150. Key Data Information from Primary Sources
List of Figures
Figure 1. Steam Turbine Product Picture
Figure 2. Global Steam Turbine Market Size Growth Rate by Type, 2020 VS 2024 VS 2031 (US$ Million)
Figure 3. Non-Condensing Steam Turbine Product Picture
Figure 4. Condensing Steam Turbine Product Picture
Figure 5. Global Steam Turbine Market Size Growth Rate by Application, 2020 VS 2024 VS 2031 (US$ Million)
Figure 6. Power Generation
Figure 7. Industrial
Figure 8. Others
Figure 9. Steam Turbine Report Years Considered
Figure 10. Global Steam Turbine Revenue, (US$ Million), 2020 VS 2024 VS 2031
Figure 11. Global Steam Turbine Revenue (2020-2031) & (US$ Million)
Figure 12. Global Steam Turbine Revenue (CAGR) by Region: 2020 VS 2024 VS 2031 (US$ Million)
Figure 13. Global Steam Turbine Revenue Market Share by Region (2020-2031)
Figure 14. Global Steam Turbine Sales (2020-2031) & (MW)
Figure 15. Global Steam Turbine Sales (CAGR) by Region (2020-2031) (MW)
Figure 16. Global Steam Turbine Sales Market Share by Region (2020-2031)
Figure 17. Top 5 and Top 10 Manufacturers Steam Turbine Sales Volume Market Share in 2024
Figure 18. Global Steam Turbine Revenue Market Share Ranking (2024)
Figure 19. Tier Distribution by Revenue Contribution (2020 VS 2024)
Figure 20. Non-Condensing Steam Turbine Revenue Market Share by Manufacturer in 2024
Figure 21. Condensing Steam Turbine Revenue Market Share by Manufacturer in 2024
Figure 22. Global Steam Turbine Sales Market Share by Type (2020-2031)
Figure 23. Global Steam Turbine Revenue Market Share by Type (2020-2031)
Figure 24. Global Steam Turbine Sales Market Share by Application (2020-2031)
Figure 25. Global Steam Turbine Revenue Market Share by Application (2020-2031)
Figure 26. North America Steam Turbine Sales YoY (2020-2031) & (MW)
Figure 27. North America Steam Turbine Revenue YoY (2020-2031) & (US$ Million)
Figure 28. North America Top 5 Manufacturers Steam Turbine Sales Revenue (US$ Million) in 2024
Figure 29. North America Steam Turbine Sales Volume (MW) by Type (2020- 2031)
Figure 30. North America Steam Turbine Sales Revenue (US$ Million) by Type (2020 - 2031)
Figure 31. North America Steam Turbine Sales Volume (MW) by Application (2020-2031)
Figure 32. North America Steam Turbine Sales Revenue (US$ Million) by Application (2020-2031)
Figure 33. US Steam Turbine Revenue (2020-2031) & (US$ Million)
Figure 34. Canada Steam Turbine Revenue (2020-2031) & (US$ Million)
Figure 35. Mexico Steam Turbine Revenue (2020-2031) & (US$ Million)
Figure 36. Europe Steam Turbine Sales YoY (2020-2031) & (MW)
Figure 37. Europe Steam Turbine Revenue YoY (2020-2031) & (US$ Million)
Figure 38. Europe Top 5 Manufacturers Steam Turbine Sales Revenue (US$ Million) in 2024
Figure 39. Europe Steam Turbine Sales Volume (MW) by Type (2020-2031)
Figure 40. Europe Steam Turbine Sales Revenue (US$ Million) by Type (2020-2031)
Figure 41. Europe Steam Turbine Sales Volume (MW) by Application (2020-2031)
Figure 42. Europe Steam Turbine Sales Revenue (US$ Million) by Application (2020-2031)
Figure 43. Germany Steam Turbine Revenue (2020-2031) & (US$ Million)
Figure 44. France Steam Turbine Revenue (2020-2031) & (US$ Million)
Figure 45. U.K. Steam Turbine Revenue (2020-2031) & (US$ Million)
Figure 46. Italy Steam Turbine Revenue (2020-2031) & (US$ Million)
Figure 47. Spain Steam Turbine Revenue (2020-2031) & (US$ Million)
Figure 48. Asia-Pacific Steam Turbine Sales YoY (2020-2031) & (MW)
Figure 49. Asia-Pacific Steam Turbine Revenue YoY (2020-2031) & (US$ Million)
Figure 50. Asia-Pacific Top 8 Manufacturers Steam Turbine Sales Revenue (US$ Million) in 2024
Figure 51. Asia-Pacific Steam Turbine Sales Volume (MW) by Type (2020- 2031)
Figure 52. Asia-Pacific Steam Turbine Sales Revenue (US$ Million) by Type (2020- 2031)
Figure 53. Asia-Pacific Steam Turbine Sales Volume (MW) by Application (2020-2031)
Figure 54. Asia-Pacific Steam Turbine Sales Revenue (US$ Million) by Application (2020-2031)
Figure 55. Indonesia Steam Turbine Revenue (2020-2031) & (US$ Million)
Figure 56. Japan Steam Turbine Revenue (2020-2031) & (US$ Million)
Figure 57. South Korea Steam Turbine Revenue (2020-2031) & (US$ Million)
Figure 58. China Taiwan Steam Turbine Revenue (2020-2031) & (US$ Million)
Figure 59. India Steam Turbine Revenue (2020-2031) & (US$ Million)
Figure 60. Central and South America Steam Turbine Sales YoY (2020-2031) & (MW)
Figure 61. Central and South America Steam Turbine Revenue YoY (2020-2031) & (US$ Million)
Figure 62. Central and South America Top 5 Manufacturers Steam Turbine Sales Revenue (US$ Million) in 2024
Figure 63. Central and South America Steam Turbine Sales Volume (MW) by Type (2021-2031)
Figure 64. Central and South America Steam Turbine Sales Revenue (US$ Million) by Type (2020-2031)
Figure 65. Central and South America Steam Turbine Sales Volume (MW) by Application (2020-2031)
Figure 66. Central and South America Steam Turbine Sales Revenue (US$ Million) by Application (2020-2031)
Figure 67. Brazil Steam Turbine Revenue (2020-2025) & (US$ Million)
Figure 68. Argentina Steam Turbine Revenue (2020-2025) & (US$ Million)
Figure 69. Middle East, and Africa Steam Turbine Sales YoY (2020-2031) & (MW)
Figure 70. Middle East and Africa Steam Turbine Revenue YoY (2020-2031) & (US$ Million)
Figure 71. Middle East and Africa Top 5 Manufacturers Steam Turbine Sales Revenue (US$ Million) in 2024
Figure 72. Middle East and Africa Steam Turbine Sales Volume (MW) by Type (2021-2031)
Figure 73. South America Steam Turbine Sales Revenue (US$ Million) by Type (2020-2031)
Figure 74. Middle East and Africa Steam Turbine Sales Volume (MW) by Application (2020-2031)
Figure 75. Middle East and Africa Steam Turbine Sales Revenue (US$ Million) by Application (2020-2031)
Figure 76. GCC Countries Steam Turbine Revenue (2020-2025) & (US$ Million)
Figure 77. Turkey Steam Turbine Revenue (2020-2025) & (US$ Million)
Figure 78. Egypt Steam Turbine Revenue (2020-2025) & (US$ Million)
Figure 79. South Africa Steam Turbine Revenue (2020-2025) & (US$ Million)
Figure 80. Steam Turbine Industry Chain Mapping
Figure 81. Regional Steam Turbine Manufacturing Base Distribution (%)
Figure 82. Global Steam Turbine Production Market Share by Region (2020-2031)
Figure 83. Steam Turbine Production Process
Figure 84. Regional Steam Turbine Production Cost Structure
Figure 85. Channels of Distribution (Direct Vs Distribution)
Figure 86. Bottom-up and Top-down Approaches for This Report
Figure 87. Data Triangulation
Figure 88. Key Executives Interviewed
KEY QUESTIONS ADDRESSED BY THE REPORT
What is the annual compound growth rate of the global Steam Turbine market size from 2025 to 2031?
The annual compound growth rate of the global Steam Turbine market is 4.2% 2025 to 2031.
Which region is expected to have the highest market share?
Which companies rank high in the global Steam Turbine market?
What was the global market size of Steam Turbine in 2025?
What was the global market size of Steam Turbine in 2031?
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